Find definitions to many financial terms.

Gift Tax Annual ExclusionThe first $10,000 in gifts that an individual can give tax free to another during a calendar year. The amount will be indexed for inflation after 1998. (See Annual Exclusion.)

Good Faith EstimateAn estimate of charges which a borrower is likely to incur in connection with a loan closing.

GrantorAn individual who gives property outright or in a trust.

Gross Monthly IncomeThe amount of consistent and stable income that an individual receives each month, averaged over a period of time. This amount includes overtime pay, bonuses, commissions and income from dividends or interest, provided that the individual can show a consistent history of receiving such income.

Growth StockStock of a corporation with a record of faster-than-average sales and earnings. Growth stock typically appeals to investors who seek a long-term increase in value.

GuarantyAgreement to pay the debt or perform the obligation of another in the event the debt is not paid or obligation is not performed.

GuardianAn individual or institution named by a court to manage the property of a person who is adjudged incapable of handling his or her own affairs.